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government. what becomes of a123 now? essentially johnson controls within also bidding during the bankruptcy process for the battery part of the business dropped out. when they said, there bidding is too rich. we don't think the price matches the assets. they dropped out. a123 does have about 3,000 employees in the u.s. this has to be approved by the committee for foreign investment. remember, this is what hatches when you have a foreign firm buying a u.s. company like this. it has to be approved and there are more than a prove, mandy and brian, in washington, saying, do we really want the wanxiang group having access to the assets of a123. a123 add little bit of defense work, and it went to a different company. we will see whether or not this deal gets approved. >> let's bring in alan, research fellow at u.s. business and research council. thank you for joining us. >> my pleasure. >> you think this deal should not be allowed, how come? >> this is so mind-boggling stupid. i can't believe it's even come up. the last thing
government. what becomes of a123 now? essentially johnson controls within also bidding during the bankruptcy process for the battery part of the business dropped out. when they said, there bidding is too rich. we don't think the price matches the assets. they dropped out. a123 does have about 3,000 employees in the u.s. this has to be approved by the committee for foreign investment. remember, this is what hatches when you have a foreign firm buying a u.s. company like this. it has to be...
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Dec 12, 2012
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you are trying to find is what maximum revenue to government is, including maximum economic growth. neil: you would be open to speaker boehner offering the 800 billion in revenue, however that is sorted out, he does not want rate hikes, he wants a limit on deducts and write-offs, would either be fine with you? >> neil, we have a lot of hidden things in tax code. i can take a building and put a new roof, as long as i stay under a certain level. neil: democrats saying that is a nonstarter. >> i think it has to be both, they all have to be on the table. but rates are a question, if you raise the rate do you lower economic activity, do you lower the ability for person who works for a company with 20 employees. worse, than that, they may lower the number of employees because they cannot afford the growth they might otherwise have. neil: right or make it part time, is it your sense we'll have a deal? >> i want be to an optimist, i want to believe that president does not want to hurt this country, at the end of the day he will take a reasonable combination that gets us part way down the ro
you are trying to find is what maximum revenue to government is, including maximum economic growth. neil: you would be open to speaker boehner offering the 800 billion in revenue, however that is sorted out, he does not want rate hikes, he wants a limit on deducts and write-offs, would either be fine with you? >> neil, we have a lot of hidden things in tax code. i can take a building and put a new roof, as long as i stay under a certain level. neil: democrats saying that is a nonstarter....
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Dec 13, 2012
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there's money to be made going into government, and security to be found in government. >> average federal workers earn $32,000 more than the average private sector worker, and i think there's just resentment towards federal workers because they are protected, because the administration is adding them. we see it every month. neil: in other words, you're here to serve us, not us you. what do you think of that, katrina? >> well, i also think a lot of small businesses, and business in general, a lot of times, get, you know, a bad wrap in the press, and as an entrepreneur, i started the business from scratch. i worked at the library in college to pay for my education, making $6 an hour. there's something to be said for hard work, and businesses keep the economy going. it's ultimately the american dream so i think we need to go back to and some argue against me, but we have to go back to running our country like a business, and there is benefits in small businesses. we create jobs. we're also providing opportunities for people coming out of college. you know, there's so many kids e-mailing me a
there's money to be made going into government, and security to be found in government. >> average federal workers earn $32,000 more than the average private sector worker, and i think there's just resentment towards federal workers because they are protected, because the administration is adding them. we see it every month. neil: in other words, you're here to serve us, not us you. what do you think of that, katrina? >> well, i also think a lot of small businesses, and business in...
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Dec 7, 2012
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or who are working for the massive government apparatus. during this christmas season we all should emulate officer deprimo. that help may be futile. if the federal government doesn't wise up and impose some discipline on the incredible, incredible entitlement spending, america's economy will eventually collapse: president obama needs to invite jeffrey hillman to the white house. he needs to talk to the man with no shoes. he needs to see what is actually happening in this country. got to get real about government spending. and that's the memo. now for the top story tonight and this is incredible. the pennsylvania department of public welfare says that a single mother with two children is better off taking a job that pays $29,000 a year than a job that pays $69,000 a year. why? because of entitlements. joining us now from our new york studio fox business anchor lou dobbs. so, lou, explain, this please. >> well, bill, first i think we have got to give great credit as you mention to the department of public welfare in pennsylvania they are bei
or who are working for the massive government apparatus. during this christmas season we all should emulate officer deprimo. that help may be futile. if the federal government doesn't wise up and impose some discipline on the incredible, incredible entitlement spending, america's economy will eventually collapse: president obama needs to invite jeffrey hillman to the white house. he needs to talk to the man with no shoes. he needs to see what is actually happening in this country. got to get...
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it's not me. >>> plus, new government warnings, how governments may be collecting large amounts of data on your kids. you're watching "first look" on m s msnbc. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. >>> some stories making news this morning. "the new york times" re
it's not me. >>> plus, new government warnings, how governments may be collecting large amounts of data on your kids. you're watching "first look" on m s msnbc. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just...
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Dec 10, 2012
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the government made all his mistakes, so the really wealthy people can pay for it all. speak the whole point is it can fit the bill. we'll add $10 trillion of debt, doesn't obama taught no tax increases. we're talking cover the debt over that time. it is not enough to prevent a debt crisis down the line. tracy: we have seen it time and time again. thougthe ability to wealth if yu have access to important people. they don't have to pay taxes after all. >> people don't work as hard as ithey otherwise would have, dont take risks so don't get the growth have not raised taxes. i think that's what would happen if we went with president obama's plan. they come it will not grow as fast as it would have. speetracy: inevitably our taxesl go up because the wealthy do not pay as much as they thought. >> there's not enough revenue at the top to fit the bill. they still need to get back to where they get is coming from, spending on entitlement programs as social security and medicare. tracy: we spent $270 billionn3 from 21,022,014 on this credit, how come we don't talk about that? >>
the government made all his mistakes, so the really wealthy people can pay for it all. speak the whole point is it can fit the bill. we'll add $10 trillion of debt, doesn't obama taught no tax increases. we're talking cover the debt over that time. it is not enough to prevent a debt crisis down the line. tracy: we have seen it time and time again. thougthe ability to wealth if yu have access to important people. they don't have to pay taxes after all. >> people don't work as hard as ithey...
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> mohammed morsi said he would not tolerate anyone trying to overthrow what he calls his legitimate government but the protestors say they'll continue. seven people are dead after violent clash this is week. >>> and historic visit by the leader of hamas to gaza tbeen e years. his party has been in control of the gaza strip for five years and he is arriving to mark the 25th anniversary of hamas' founding. >>> software mowing up john mcafee is back in jill after a brief trip to the hospital. he told the associated press he suffered chest pains but didn't believe he had a heart attack. this happened yesterday just hours after guatemalan officials rejected his bid for asylum. he was arrested for illegally entering the country on wednesday after weeks in hiding. he is a person of interest in the november killing of his american neighbor in belize. >>> a message from metro to some of its drivers, go to bed earlier. >>> what happened when one man tried to pull over a police officer. we'll see it. up next, we'll look at your weather and traffic as well. stay with us. oh, you have a a keurig vue brew?
> mohammed morsi said he would not tolerate anyone trying to overthrow what he calls his legitimate government but the protestors say they'll continue. seven people are dead after violent clash this is week. >>> and historic visit by the leader of hamas to gaza tbeen e years. his party has been in control of the gaza strip for five years and he is arriving to mark the 25th anniversary of hamas' founding. >>> software mowing up john mcafee is back in jill after a brief trip...
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Dec 10, 2012
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twenty-seven rular government schools get results because they are a government monopoly of almost always do a lousy job. up against the education blob that his job of the hunt teachers' union comment janitor union, bureaucrats they're resist chae that is why -- while i was excited charters schools. schools could experiment the parents would see how much better it could be and kids would benefit from the innovation. it is not happening. sometimes. but the center for education reform says the charter movement has gone wrong. what happened is an example. >> my group have put together an application to start a charter school and we have been repeatedly stonewalled 57 because of your own daughter's experience you've got together with people and said we will start a charter. >> the first application was 100 pages could. denied. >> they said there was not a need we had typographical errors in the plication. john: wouldn't mcdonald's like to say that to burger king? >> yes. john: you try again. >> we fixed them and we got more people involved and we needed to show more apparent support. the firs
twenty-seven rular government schools get results because they are a government monopoly of almost always do a lousy job. up against the education blob that his job of the hunt teachers' union comment janitor union, bureaucrats they're resist chae that is why -- while i was excited charters schools. schools could experiment the parents would see how much better it could be and kids would benefit from the innovation. it is not happening. sometimes. but the center for education reform says the...
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going back to food stamps and the idea of government promoting that. we have a farm bill that proposes four billion in cuts to the food stamp and the agricultural committee chair woman said they would be more open to cutting back more. >> rich, i see all of the advertising of the government to put people on food stamps and 15 million more people on food stamps after that government program, isn't there a relationship there? >> there is . victoria properly stribes something that you call the welfare industrial complex. it gets to a certain size and looks on behalf of itself and that is a bad thing. we have another crisis here that is related. we have a growth crisis. we are growing at two perce and should be growing at four percent annually and right tax and regulatory policy to liberate job creators to do that i don't think we would have a food stamp crisis. >> i think think all of us could agree. that is keeping poor people poor because they are pushing welfare programs. >>, you shouldn't be shocked with theureaucracy and advertising in promotion to j
going back to food stamps and the idea of government promoting that. we have a farm bill that proposes four billion in cuts to the food stamp and the agricultural committee chair woman said they would be more open to cutting back more. >> rich, i see all of the advertising of the government to put people on food stamps and 15 million more people on food stamps after that government program, isn't there a relationship there? >> there is . victoria properly stribes something that you...
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>> the government does not need any more money, the country needs less government. neil: what do you think with what john boehner has come up with? that was his opening offer. >> it makes no sense to negotiate with ours when a president has not put a sious offer on the table. we need to remind americans, we do not need to take more money from the economy and give it to incomincompetent politicians and bureaucrats, we're not talking about revenue problem, we have doubled our spending but they' more money, and they want republicans to vote to pay for obama's welfa state, we did not vote for it. neil: you would not -- you would not support a hike in taxes in anyway shape or form? >> no but we will get more revenue if we reform our tax code and a pro-growth way, 3/10 of 1% will generate more revenue than what president obama is taxing about what he says tax the rich, his proposal does not add a drop in the buckie on the our problem. this is not a plan or a solution, this is a political trophy, to the left. and republicans should not go along with it. neil: u know, senat
>> the government does not need any more money, the country needs less government. neil: what do you think with what john boehner has come up with? that was his opening offer. >> it makes no sense to negotiate with ours when a president has not put a sious offer on the table. we need to remind americans, we do not need to take more money from the economy and give it to incomincompetent politicians and bureaucrats, we're not talking about revenue problem, we have doubled our spending...
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Dec 11, 2012
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the government refuses to use it. i did a piece in "the financial times," and they don't want to address the fact they ignore realtime data using surveys and technology from the 60s and 70 #s to come up with estimates at a time like this when we need to know what's going on in our economy. liz: by the way, that acquisition has been leveled adam: mrgses from both sides of the aisle in many years. david: it has, and as soon as we have more evidence, we'll bring it to you. thank you. >> i have the evidence. david: i saw the piece in the fc, a very provocative piece with the evidence. thank you, guys. liz: sam, good to see you as well. >> thanks, liz. liz: searching for a compromise on civilling the nation's debt crisis, we have someone who says it's not about raising or lowering taxes, but the answer lies in the tax code itself. former treasury secretary on just who should bear the biggest brunt joining us exclusively. david: also, michigan, imagine, the home of the united auto workers about to become the 24th state to b
the government refuses to use it. i did a piece in "the financial times," and they don't want to address the fact they ignore realtime data using surveys and technology from the 60s and 70 #s to come up with estimates at a time like this when we need to know what's going on in our economy. liz: by the way, that acquisition has been leveled adam: mrgses from both sides of the aisle in many years. david: it has, and as soon as we have more evidence, we'll bring it to you. thank you....
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Dec 5, 2012
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still it heightens the pressure whose founder steve cohen has been personally implicated in a government case alleges insider trading. cnbc was first to report on a investor redemption, and since then at least one other big -- has followed suit. other investors are showing concern and we may see more outflowing given the next redemption is around february 15th y thbs has learned the flagship is up nearly 12% year to date against an average head fudge return of about 2%, 3% overall. add the fact that cohen has said he's confident that he and his company has named appropriately, there's still quite a lot arguing for these guys. >> important to note when we do this story every time. cohen himself hasn't been charged. >> correct. >> s.a.c. hasn't been accused. >> only a subsidiary uchbt. >> this was a former portfolio manager who worked for that unit. >> correct. >> at what point -- who has to pull their money for it to get people to notice. >> here's the key point. all of this has symbolic value, and i think this has turned a corner for people psychologically. i do have cohen allegedly invo
still it heightens the pressure whose founder steve cohen has been personally implicated in a government case alleges insider trading. cnbc was first to report on a investor redemption, and since then at least one other big -- has followed suit. other investors are showing concern and we may see more outflowing given the next redemption is around february 15th y thbs has learned the flagship is up nearly 12% year to date against an average head fudge return of about 2%, 3% overall. add the fact...
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big government. >> ultratech is the one you like. they make chips. >> they make equipment that makes the chips. it is it a cverage way to play. >> j.p. morgan you like them. >> analyst expect a drop off andt could affect the company. >> yes, it will. hang in there for the term. >> that's it for forbes on fox. have a wonderful weekend. number one business block continues with cheryl casone and cash in. forget your hard earned paycheck. are unemployment checks going to stimulus the econo. house minority leader nancy peel pole said yes. >> it is more injected by unemployment insurance. >> okay, to get this number down, get the number of pele on these lines that you are looking at up. how ishat going to work. i am cheryl casone and welcome to cashin in . joining u is trace yejohn and ristian dorsey . welcome to allf you. tracey, benefits the best form of stimulus, really, you agree with that? >> the only thing that jobless stimulus benefit is apathy it is it easier to stay at home and collect a check than work at mcdonalds. we are so laz
big government. >> ultratech is the one you like. they make chips. >> they make equipment that makes the chips. it is it a cverage way to play. >> j.p. morgan you like them. >> analyst expect a drop off andt could affect the company. >> yes, it will. hang in there for the term. >> that's it for forbes on fox. have a wonderful weekend. number one business block continues with cheryl casone and cash in. forget your hard earned paycheck. are unemployment checks...
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the government is investigating that charge. we'll have the story. then we'll bring you the latest on the quest to save the twinkie. and what about the ding dong? just as important, right? all coming up. >> what's up, seth? >> thank you for coming ding dong. >> wow. you know my name now. i mean, with all this twinkie talk, i thought everybody had forgotten about me. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-
the government is investigating that charge. we'll have the story. then we'll bring you the latest on the quest to save the twinkie. and what about the ding dong? just as important, right? all coming up. >> what's up, seth? >> thank you for coming ding dong. >> wow. you know my name now. i mean, with all this twinkie talk, i thought everybody had forgotten about me. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to...
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like the government is on top of things. government seems to be doing a good job, although you'll never guess who criticized president obama. do you remember michael brown? heck of a job brownie, michael brown? the former director of fema who was forced to resign after hurricane katrina. on monday, he criticized the president. he said obama may have acted too quickly. [ laughter ] instead of taking the wait and do nothing approach that worked so well during katrina. that is an interesting point coming from a former fema director and current applebee's employee of the week. [ laughter and applause ] things seem to be getting back on track here in new york. limited subway service is scheduled to resume tomorrow at 6:00 a.m. the mta is letting people ride the bus for free, which -- [ cheers and applause ] very good news. people don't have to be anywhere any time soon. make no mistake. no bus ride in new york is ever free. there is always a price that will be paid. [ laughter ] mayor bloomberg announced that all cars coming into
like the government is on top of things. government seems to be doing a good job, although you'll never guess who criticized president obama. do you remember michael brown? heck of a job brownie, michael brown? the former director of fema who was forced to resign after hurricane katrina. on monday, he criticized the president. he said obama may have acted too quickly. [ laughter ] instead of taking the wait and do nothing approach that worked so well during katrina. that is an interesting point...
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we need to limb the size of government. if you truly believe these things, then you say it's not just about imposing damage on the middle class, the poor who rely on social safety net programs. you have to say the rich have to have some skin in the game. >> hang on one second. >> and they do, they do. >> hang on, hang on. >> and it in terms of tax rates in this country. >> hold on. one sec. i want to ask juan a question. why won't the president negotiate all of this at the same time in because the president is saying give me what i want and then maybe next year we'll talk about what you want and we all know that's not going to happen. >> i don't think that's true. >> very true. >> from what i understand in washington, the president is saying what is critical is that republicans have to stop being inflection i believe by protecting the top two percent and sacrificing the rest of us. and if they do something about taxes on the very rich we can then talk about what spending cuts will be put in place. >> david. >> it's not fair
we need to limb the size of government. if you truly believe these things, then you say it's not just about imposing damage on the middle class, the poor who rely on social safety net programs. you have to say the rich have to have some skin in the game. >> hang on one second. >> and they do, they do. >> hang on, hang on. >> and it in terms of tax rates in this country. >> hold on. one sec. i want to ask juan a question. why won't the president negotiate all of...
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when the government does something it usually ends up in gridlock anyway. but jiamie dimon says the government has do much. >> we have moral authority around the world. let's just do it. the table is set very well right now. corporations, middle market companies, small business in good shape. 5 million more people working than four years ago. housing turned the corner. let's just keep it going. >> we heard from ceo of gold man sacks saying if this were a business man manner there would be no tripping of the fiscal cliff at the end of the year but also made interesting comments about goldman sacks reputation. here is how he categorized it. >> we started from scratch. no one knew who we were or what we did. and shame on us in hindsight we let other people define us and nobody knew what we attributed to the economy and jobs growth creation. we were slow off the mark because we hadn't really developed that sense. >> for goldman sachs, the president is definitely soliciting advice from dimon and blake. well continue to keep an ear out throughout the day. back to
when the government does something it usually ends up in gridlock anyway. but jiamie dimon says the government has do much. >> we have moral authority around the world. let's just do it. the table is set very well right now. corporations, middle market companies, small business in good shape. 5 million more people working than four years ago. housing turned the corner. let's just keep it going. >> we heard from ceo of gold man sacks saying if this were a business man manner there...
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i understand ginning up public support, but beaches and campaigns, it's govern, govern, govern, stay in washington, be with these people. govern. getting people to -- i'm getting e-mail every day. i got one from -- i don't know, from his people, joe, call your congressman, call your congressman. and i finally wrote back on one of them. you're still campaigning? would you please start governing? and they sent something back to me, if you have comment on policy, snd it to this meal. but i finally sent it back and said would you please just -- you're in. you're in for four more years. you don't need the cross-section of the united states behind you. as you say, i've got to pen. you won re-election. now govern, now lead. >> but, joe, from the white house point of view, which they feel was indicated by what happened in the election, the purpose of the campaigning is to make republicans govern with them. that's -- >> by their rules. you know, the republicans got re-elected, too, and there's more of them. >> right. well, there's more or them in the house. there is not more of them in the se
i understand ginning up public support, but beaches and campaigns, it's govern, govern, govern, stay in washington, be with these people. govern. getting people to -- i'm getting e-mail every day. i got one from -- i don't know, from his people, joe, call your congressman, call your congressman. and i finally wrote back on one of them. you're still campaigning? would you please start governing? and they sent something back to me, if you have comment on policy, snd it to this meal. but i finally...
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we're $18 billion short of having nothing if we canceled the entire government. you can't do it without entitlement reform. >> senator, when you're talking entitlement reform, billions in deficits in medicare and social security over the next 10, 20 years. where specifically do you cut? do you tell people, no, i'm sorry. you're cut off. >> you tell them what ronald reagan told me in '93, social security going broke in 2011. he pushed my liability from 65 to 66. that put it in shape. >> how much does one or two yearsed t retirement mean? >> a lot. it compounds over time and the period of time you do it. my grandchildren, age 70, not 67. second i'm not beyond means testing colas. maybe shouldn't be as high as for the bottom end. when the president is sitting in an ivory tower or in detroit and we're trying to do the people's business. >> where do you think the real compromise is coming out? do you believe john boehner and president obama this weekend had a serious discussion? where are we really in this compromise? >> well, i've learned a long time ago up here what
we're $18 billion short of having nothing if we canceled the entire government. you can't do it without entitlement reform. >> senator, when you're talking entitlement reform, billions in deficits in medicare and social security over the next 10, 20 years. where specifically do you cut? do you tell people, no, i'm sorry. you're cut off. >> you tell them what ronald reagan told me in '93, social security going broke in 2011. he pushed my liability from 65 to 66. that put it in shape....
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it wasn't the tax dollars going to the government to help people. it was the charities like robin hood that was immediately there. you saw it with the sanitation. you saw it with the first responders. and let me tell you what i thought about last night. i am sick and tired -- sick and tired of people like nancy pelosi and harry reid sitting here attacking the wealthy for more taxes. bring it on, they'll say. bring it on. but these are the most charitable people in the world. i'm not going to name names. but if you watched that concert last night and you saw the people that were there and you could go to the robin hood foundation organization website, guess what, harry reid? those are the people that give their money away to help people. and i leave it at that. and that's what the fiscal cliff and taxes and charity have to do with the benefit last night. >> i suppose if harry reid or nancy pelosi were here, and they're not here, i wish some of them were, to respond to what you're saying. >> they don't give money to charity. they don't give money to c
it wasn't the tax dollars going to the government to help people. it was the charities like robin hood that was immediately there. you saw it with the sanitation. you saw it with the first responders. and let me tell you what i thought about last night. i am sick and tired -- sick and tired of people like nancy pelosi and harry reid sitting here attacking the wealthy for more taxes. bring it on, they'll say. bring it on. but these are the most charitable people in the world. i'm not going to...
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, but little government, right? >> well, i guess we're talking a little bit of both. because illinois makes everybody's government look little or small by comparison. you know, on my license plate it says illinois, land of lincoln. but my guest, wes mosser, wes, what a great first name. i feel like that should be a character in a clint eastwood movie. what did you call illinois? >> land of 10,000 governments. >> is that the most in the entire country? >> most in the country. >> i want you to tell me first of all how you know this? >> well, every ten years the census bureau does a survey of local governments and they count up all the local governments for every state in the whole country, school districts to basic districts, anything with taxes authority -- >> let me start you right there. anything with taxing authority. so, there is a reason for the proliferation of illinois fifedom and that is to get inside people's wallets. so you're talking about raising money. whether it's through municipal bonds like board of e
, but little government, right? >> well, i guess we're talking a little bit of both. because illinois makes everybody's government look little or small by comparison. you know, on my license plate it says illinois, land of lincoln. but my guest, wes mosser, wes, what a great first name. i feel like that should be a character in a clint eastwood movie. what did you call illinois? >> land of 10,000 governments. >> is that the most in the entire country? >> most in the...
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both have evidence suggesting that president al-assad in syria is using his government supplies including mixing chemical compounds and loading them on to bombs. syria is believed to have muss tared -- mustard gas and sarin. president obama said any attempt by syria to use chemical weapons against its own people will be met with consequence. >> and new developments in north korea as a planned rocket launch. the test fire was scheduled sometime on monday, but north korea's state media says scientists are seriously considering adjusting the time frame. meanwhile the u.s. is deploying warships to the region to monitor the situation there. north korea maintains it is just trying to put a satellite into orbit, but the u.s. says it is a cover for testing ballistic missal technology. >>> one week after a murder-suicide involving the kansas city chiefs player more sad news rocking the nfl. dallas cowboys ease nose tackle josh brent under arrest after a car crash that killed his teammate jerry brown. brown was just 25 years old. he was a member of the cowboys' practice squad. dominique is live in
both have evidence suggesting that president al-assad in syria is using his government supplies including mixing chemical compounds and loading them on to bombs. syria is believed to have muss tared -- mustard gas and sarin. president obama said any attempt by syria to use chemical weapons against its own people will be met with consequence. >> and new developments in north korea as a planned rocket launch. the test fire was scheduled sometime on monday, but north korea's state media says...
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we will be cutting back on government spending, and we will be taxing more. that is bearish for the economy at the margin. david: all right. let's hope they do come to some kind of resolution. good to see you, gentlemen. liz: that was a great discussion, guys, thank you. david: well, the debt battle is waging on in d.c. even with most of the house out of town right now. they're gone until next tuesday. we're going to be heading to d.c. for the very latest. liz: choice hotels, known for comfort inns and quality inns is expanding their brand right here in america. why now? we'll ask ceo and president steve joyce about that and moving up the dividend payout to before the end of the year. david: but, first, on fox business the ceo of tmx group, this is the parent of the toronto stock exchange. you've heard about how the banks in the canada avoided a lot of the subprime mess that our banks got into it. well, the banks getting involved directly in the stock market. tom is going to tell us how and whether or not there are some hidden problems for the banking communi
we will be cutting back on government spending, and we will be taxing more. that is bearish for the economy at the margin. david: all right. let's hope they do come to some kind of resolution. good to see you, gentlemen. liz: that was a great discussion, guys, thank you. david: well, the debt battle is waging on in d.c. even with most of the house out of town right now. they're gone until next tuesday. we're going to be heading to d.c. for the very latest. liz: choice hotels, known for comfort...
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i wonder whether the country is shifted to -- yeah we like government, the more the better, shut up. >> you areargely correct. the point is, weave 48 or 49% of country getting direct benefits from government, and8 or 49% paying no tes. think of the republican constituents, a lot are seniors, they depend on social security some medicare, and republicans saying we'll give you tax incrses and shave back social seccrity and shave backk medicare. to what constituency are they appealing? a couple making a hundred thousand a year, 2,000-dollars ght off th top, a huge share of theiriscretionary income, republican party will have t go back to the drawing board, and decide who and what it is, and whom it reprents. neil: i have to get -- the a backbone first. >> thank you, patrick. >> thank you. neil: taxes areo high here that companies stash cash everywhere but here, ralph nader on the money drain that is causing us a lot of pain. want to try to crack it? yeah, that'she way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and pers
i wonder whether the country is shifted to -- yeah we like government, the more the better, shut up. >> you areargely correct. the point is, weave 48 or 49% of country getting direct benefits from government, and8 or 49% paying no tes. think of the republican constituents, a lot are seniors, they depend on social security some medicare, and republicans saying we'll give you tax incrses and shave back social seccrity and shave backk medicare. to what constituency are they appealing? a...
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the federal government still says federal government is illegal. >>> pay no attention to the space ship in the car. the x-37b, robotic space plane will lift off from cape canaveral. the vehicle's third mission. unmanned reusable version of the space shuttle. lifts off vertically, lands on autopilot on a runway. what is it carrying? and the cost of developing is classified. >> all sorts of speculation online what this is carrying. bombs, weapons, we just don't know. it's a secret. >>> eight minutes after the hour. three weeks until the fiscal cliff. you can't see it, but there are hints of progress on capitol hill. live to washington, coming up. >>> also ahead, a judge rules in a politically charged battle over license plates in one state. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for you
the federal government still says federal government is illegal. >>> pay no attention to the space ship in the car. the x-37b, robotic space plane will lift off from cape canaveral. the vehicle's third mission. unmanned reusable version of the space shuttle. lifts off vertically, lands on autopilot on a runway. what is it carrying? and the cost of developing is classified. >> all sorts of speculation online what this is carrying. bombs, weapons, we just don't know. it's a secret....
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Dec 5, 2012
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and i know that there are some individuals who don't trust government who don't trust law enforcement. and i don't know how we can ever convince them. >> reporter: the public protection committee is expected to hold a public hearing sometime in january to take up the issue of drones. if the committee approved the drones it would go back to the board of supervisors for final approval. in berkeley, ann notarangelo, cbs 5. >> thank you. >> reporter: it will take some time for debate and talk. >> ann notarangelo, thank you. >>> muni passes will soon be free to low income teenagers in san francisco. san francisco transportation official approved the $1.6 million plan this afternoon. it should go into effect by next march. the program will run for 16 months. it's designed to help low income youth younger than 18 years old. >> this is really about equity. this is really about providing opportunity to our youth in the city. >> meanwhile, muni service was back to normal today after a trolley car hit a woman in a wheelchair last night leaving her with life-threatening injuries. and a blown tran
and i know that there are some individuals who don't trust government who don't trust law enforcement. and i don't know how we can ever convince them. >> reporter: the public protection committee is expected to hold a public hearing sometime in january to take up the issue of drones. if the committee approved the drones it would go back to the board of supervisors for final approval. in berkeley, ann notarangelo, cbs 5. >> thank you. >> reporter: it will take some time for...
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Dec 13, 2012
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labor unions are saying it's a civil war and the state government is saying it's going to be blood as a result of this. from this day forward, how do you begin to sort of bury the hatchet between the two parties so that while you really disagree on this legislation, that you can work together on other legislation and other areas to bring your state forward? how do you bury the hatchet? >> that is really important that we start right away. we have dealt with very controversial issues in the past. the state of michigan has gone through a process of balancing our budget and paying down debt. we have seen the fastest reduction of unemployment in the nation and revamped the tax structure, a lot of controversial things. we have found a way to work together and be inclusive even throughout the difficult times. i think once we get space between the passage of the law and the future, you will find that those types of tempers will die down, they will certainly be those who hold on to that anger over time. but our part is to be very itself and work toward the future and these fights, you have th
labor unions are saying it's a civil war and the state government is saying it's going to be blood as a result of this. from this day forward, how do you begin to sort of bury the hatchet between the two parties so that while you really disagree on this legislation, that you can work together on other legislation and other areas to bring your state forward? how do you bury the hatchet? >> that is really important that we start right away. we have dealt with very controversial issues in...
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officials said there was evidence that the syrian government was preparing for potential chemical weapons, but yesterday, defense secretary leon panetta said new intelligence shows they may be backing off. >>> well, now to west virginia. did you see this? a national gas line exploded in a town just ten miles north of charleston. at first, witnesses thought a plane had crash, as the flames shot up over 75 feet in the air before it was put out. at least five homes up in flames, destroyed, and a portion of the nearby freeway was damaged. officials say the area within 1,000 feet of the explosion site was evacuated. many of the surrounding area still without power. people were treated for smoke inhalation. no major injuries, amazingly, where reported in that natural gas line blaze. >>> the national transportation safety board, of course, will launch an investigation. >>> and finally, grammar winner and virtuoso star ravi shankar has died. you've probably heard his influence in the most famous music. he became friends with the beatle and a longtime collaborator with george harrison. he burst on
officials said there was evidence that the syrian government was preparing for potential chemical weapons, but yesterday, defense secretary leon panetta said new intelligence shows they may be backing off. >>> well, now to west virginia. did you see this? a national gas line exploded in a town just ten miles north of charleston. at first, witnesses thought a plane had crash, as the flames shot up over 75 feet in the air before it was put out. at least five homes up in flames,...
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democrats are professionals about big korbel government -- porkbarrel government. instead of the cheap imitation of the republicans trying to be like barack obama. charles: some republicans have done a pretty good job with spending as well. before i let you go, i want to ask about the controversy of freedom works. it is a kind of thing that the mainstream mediahas been talkg about. you let freedom works and a half. give us a little insight into what happened. >> first of all, largely unrelated to the tea party movement. i left there because i had serious concerns about the ethical and moral behavior of the senior leadership. i don't particularly want to discuss that at length. i think you will be resolved. i am consoled by my certn knowledge that time will heal all wounds and this will be all sorted out. but it has nothing to do with with john boehner's misguided sense, his colleagues, all of who were elected as republicans on the republican ticket. or the notion that peole have been dreaming about since 2009, that the tea party will dry up. tea party activists are
democrats are professionals about big korbel government -- porkbarrel government. instead of the cheap imitation of the republicans trying to be like barack obama. charles: some republicans have done a pretty good job with spending as well. before i let you go, i want to ask about the controversy of freedom works. it is a kind of thing that the mainstream mediahas been talkg about. you let freedom works and a half. give us a little insight into what happened. >> first of all, largely...
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all other government programs share the rest. defense, half of them 80 other programs with the other half. william cohen on why it could be a scary thing. secretary, good to have you. what would be the immediate impact on the military, do you thk? >> well, the immediate impact would be on operations and maintenance. basically, cuts in training, programs will be deferred, it would have an impact in terms of our war on terror, in terms of being able to fund these prerly. whenever you talk about budget cuts, usually, you have a premise that what arehe threats that face us. what's a strategy we have to combat those threats? what is the revenue necessary to nd the execution of the strategy? now we have a situation where just take it across the board, and deal with it. i think it'sgog to be very dangerous for us. it's not that the defense budget can't be cut. we already mandated 500illion in cuts over ten years. this is another 500 billion meaning roughly, next year, starting in january, another 58 billion in 2013 comes out. that means
all other government programs share the rest. defense, half of them 80 other programs with the other half. william cohen on why it could be a scary thing. secretary, good to have you. what would be the immediate impact on the military, do you thk? >> well, the immediate impact would be on operations and maintenance. basically, cuts in training, programs will be deferred, it would have an impact in terms of our war on terror, in terms of being able to fund these prerly. whenever you talk...
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he's had government grow 20% under his watch. so our revenues have been about level for the last five or six years, but spending has skyrocketed. we're on the verge of being the first generation in america's history to leave the next generation with fewer jobs and fewer opportunities and a lower standard of living. >> gretchen: so congressman, if you had a crystal ball right now, what do you expect to happen and should the republicans hold the debt ceiling discussion as their bargaining chip? >> well, my crystal ball is a little fuzzy, but i fear i may be hanging my stocking on the chimney with care next to my colleagues, perhaps i may be ringing in the new year with them. i don't know. i hope -- >> gretchen: i hope you have some eggnog. >> exactly. with respect to the debt ceiling, the president has come out -- i don't know whether to laugh or cry -- with this brazen demand that we essentially give him cart blanch on the debt ceiling. you know what, gretchen? greece has been very good at ignoring their debt ceiling and now they
he's had government grow 20% under his watch. so our revenues have been about level for the last five or six years, but spending has skyrocketed. we're on the verge of being the first generation in america's history to leave the next generation with fewer jobs and fewer opportunities and a lower standard of living. >> gretchen: so congressman, if you had a crystal ball right now, what do you expect to happen and should the republicans hold the debt ceiling discussion as their bargaining...
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the united states government had nothing to do with this video. we understand why people take offense to this video because millions of our citizens are among them. >> now, could not condemn that lame youtube video enough, and turned out not to have anything to do with the attack on our consulate, but i prefer a president who stands up for america and the men and women fighting for his country. joining me is dennis prager and julie radinski is with us. it's crude, dusting, we had dis. kill those mothers, fathers, yankees, etc. why would the president hang without that person? >> first of all, he's not hanging out with him. you're being dramatic about this. he went to a fundraise fore sick children that presidents for the past 30 years have gone to. he did not invite psy to. >> excuse me. this guy has talked about killing the children, mothers -- >> for which he apologized. >> no, no. he said it through a publicist. >> yesterday he said it repeatedly. >> sean: half-hearted. >> i'm not suggesting that what he said was appropriate. what i'm saying is
the united states government had nothing to do with this video. we understand why people take offense to this video because millions of our citizens are among them. >> now, could not condemn that lame youtube video enough, and turned out not to have anything to do with the attack on our consulate, but i prefer a president who stands up for america and the men and women fighting for his country. joining me is dennis prager and julie radinski is with us. it's crude, dusting, we had dis....
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after all, he only gets $192 million before the government takes his share. he's a married man in his 30s who lives near phoenix. he originally asked to stay anonymous. officials had to release his name under a public records request. it's only added to the mystery behind the surveillance video from maryland. last week a store clerk said a guy bought a ticket from arizona who matched all the numbers. whoever this is did not hit the jackpot. the millionaire software developer wanted for questioning in his neighbor's death said he's looking to settle down, maybe even here in the united states. first, john mcafee has to get out of a jam or three. you remember last month in belize a neighbor complained about mcafee's dogs? somebody then poise yonte poisoe dogs and somebody killed the one-time complaining neighbor. mcafee said he does not have anything to do with it, but he does not trust the authorities in belize so he went on the run. he headed over the borderer to guatemala and authorities caught up with him. his latest comefnts come fro coa live stream immigra
after all, he only gets $192 million before the government takes his share. he's a married man in his 30s who lives near phoenix. he originally asked to stay anonymous. officials had to release his name under a public records request. it's only added to the mystery behind the surveillance video from maryland. last week a store clerk said a guy bought a ticket from arizona who matched all the numbers. whoever this is did not hit the jackpot. the millionaire software developer wanted for...
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just how would you be able to guarantee a stable government? >> translator: frankly, i believe we'll do well in the senate, too. and that we will not have a numerical problem. even if that was the case, we know this we are open it alliances and coalitions. so we will appeal to pro-european center-leaning groups that promote constitutional policies and are against the populist stance taken by berlusconi and the leaguer north party. >> so far mario monti has been vague about his future in italian politics. in your view, what should his role be? >> translator: i think that the way monti presented himself and italy to the world, it would be better if he stayed out of any dispute and to possibly look at a potential role in the coming years. monti will freely decide, and if he chooses to take part in the election race, he will always have our respect. >> reporter: so that was earlier. he will likely be the next prime minister of italy and says mr. monti should stay out of politics. kelly? >> carolin roth from milamilan. that wasn't her voice, that wa
just how would you be able to guarantee a stable government? >> translator: frankly, i believe we'll do well in the senate, too. and that we will not have a numerical problem. even if that was the case, we know this we are open it alliances and coalitions. so we will appeal to pro-european center-leaning groups that promote constitutional policies and are against the populist stance taken by berlusconi and the leaguer north party. >> so far mario monti has been vague about his...
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that's -- the problem is the size of government. all of government's intrusion in our lives. all the rules and regulations. if you want to get this economy going, and i think you could get it going, reduce the government -- the federal government's influence on business people's lives, and on american's lives and we could get this economy moving forward. >> we cut the capital gains rate pretty low. i've started five businesses. some successful, some not successful. when they were not successful, government had nothing to do with it. a great idea where you work hard and this country works, why do we talk about the government's intervention? why don't we just talk about how good business can be, with or without the government? >> what has happened the last 30 years is we've gotten this regulatory environment, for example, president obama's own small business administration, the study they commissioned, costs $1.75 trillion per year to comply with. now, that's a number that is larger than all but eight economies in the world. that's the kind of burden we're putting on small busi
that's -- the problem is the size of government. all of government's intrusion in our lives. all the rules and regulations. if you want to get this economy going, and i think you could get it going, reduce the government -- the federal government's influence on business people's lives, and on american's lives and we could get this economy moving forward. >> we cut the capital gains rate pretty low. i've started five businesses. some successful, some not successful. when they were not...
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he wants the big government. he wants to spend. in fact, he wants 500 million more to throw into some stimulus that hasn't worked the first two times he tried it. why do the american people say it's the g.o.p.'s fault when the president obviously isn't giving anything at all up? >> well, bill you know that and i know that in part because we watch fox news, and fox news reports it that way which is the straight forward way to report it. you can find that out from the other media, but you have to read it carefully because it's not apparent. all the conversation, all the discussion, all the news that's made in this whole discussion since the end of the election has been about what? it's been about tax rates on the rich. >> bill: right. >> that's been the whole story. the fact that the president hasn't come forward with anything meaningful on the spending side, especially on the entitlement side, it's possible to find it but it's not really evident. i'm saying the coverage is biased. >> bill: i don't want to put words in your mouth, bu
he wants the big government. he wants to spend. in fact, he wants 500 million more to throw into some stimulus that hasn't worked the first two times he tried it. why do the american people say it's the g.o.p.'s fault when the president obviously isn't giving anything at all up? >> well, bill you know that and i know that in part because we watch fox news, and fox news reports it that way which is the straight forward way to report it. you can find that out from the other media, but you...
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government is sustain in terms of debt to gdp. luckily, we don't know. 70, we could survive in terms of the sense we won't bespialing out of control, but the higher that ratio is, then the more that future generations, their taxes go simply to service the debt for the services that their parents and grandparents enjoyed. tracy: right. >> it's the right way to think about the problem. get the number dun as soon as we can. tracy: the answer will be continue to raise axes to make those interest payments which is circular and arguably stupid at the end of the day. talk about the tax code. how do you do it? it's a big book of favors. it is a doorstop at this point it's so big. do you throw it out and start over? >> wellll, it's interesting. you know, for a long ime, in the 1990s and the early part of the 2000s, there was a lot of chat about throwing it out and starting over, and i think that conservatives note that if we do that, we would start over with the system much more efficient than the ones we have. we start with the consumptio
government is sustain in terms of debt to gdp. luckily, we don't know. 70, we could survive in terms of the sense we won't bespialing out of control, but the higher that ratio is, then the more that future generations, their taxes go simply to service the debt for the services that their parents and grandparents enjoyed. tracy: right. >> it's the right way to think about the problem. get the number dun as soon as we can. tracy: the answer will be continue to raise axes to make those...
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government works now. and why a man such as himself might want a particular job in washington at a time like this. listen to this part of the tape. this is where general petraeus makes his argument for why in particular running the cia would be a really good job to get. >> an awful lot of what we do in the future, believe it or not in libya right now, perhaps, is with that organization can do. we're going to be retrenching militarily. again, you're going to take big budget cuts and that's going to be all about -- it's going to be the post -- sort of the early 1990s kind of stuff. >> it will be the "peace dividend." >> the other folks on the other hand will be in a growth industry in our intelligence community. going to have to be. >> general petraeus telling fox news in this meeting he would be happy not just being named chairman of the joint chiefs, but with the cia director job because they are the same sized jobs or at least they are going to be. arguing that the future of national security in the unite
government works now. and why a man such as himself might want a particular job in washington at a time like this. listen to this part of the tape. this is where general petraeus makes his argument for why in particular running the cia would be a really good job to get. >> an awful lot of what we do in the future, believe it or not in libya right now, perhaps, is with that organization can do. we're going to be retrenching militarily. again, you're going to take big budget cuts and that's...
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it only funds government for eight days. how can we be serious about staying focused on one thing in not talking about all the other issues. spending is defitely the issue we must do true enitlent reform or they will be here for thpeople currently. gerri: nobody is talking about that right now. we can't get pas the basics get to entitlements. thank you for comingon. you must come back soon. appreciate your time. >> you're welcome. thanyou for having e. gerri: an absolutete pleasure. coming up,i will be joined by moneyman wayne rgers for his take on the looming fcal cliff. >> coming up on "the willis report", does sped illed? w es this impact indivual trers? break down at this means for your gerriwillis.com. in the deh as it spirals out of cotrol. chopping debt in half. to they have th answers for sog the nation's debt crisis to mecca alo, a showdown between the epad aaa will he ne fuel cause damage your vehicle? the man behindegislaion to block the new gasole is us his take. we are on the case next on "the willis report." â™